Houston — US stocks of propylene for non-fuel use increased in the week ended August 10, the sixth consecutive week of growth, Energy Information Administration data showed Wednesday.
Non-fuel use propylene increased by 110,000 barrels to 2.957 million barrels in the week, the EIA data showed. Stock levels were also up by 170,000 barrels from the year-ago week.
US refinery run rates gained 1.5 percentage points to 98.1% last week. Refinery rates were also up by 2 percentage points from the year-ago week.
In the spot market, US polymer-grade propylene was assessed Tuesday at 59.25 cents/lb FD USG for August delivery, down 0.125 cent on the day.
US spot refinery-grade propylene was at 43.50 cents/lb FD USG on a three- to 30-day basis on Tuesday, up 0.25 cent on the day.
